James Smith James Smith

Energy Market Update - 19 November 2025

Tuesday’s colder revisions and weaker renewables lifted gas and power. Early Wednesday saw a modest pullback as supply steadied, but the near curve remains supported by below-normal wind and a cooler outlook.

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James Smith James Smith

Energy Market Update - 18 November 2025

Gas and power ticked higher as the first cold snap approached. Forecasts show Europe 3 - 6°C below average from Thursday before normalising next week. EUAs eased again. Storage withdrawals slowed.

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James Smith James Smith

Energy Market Update - 17 November 2025

Gas and power firmed as a cold spell deepened while wind eased. Storage stays comfortable and Norwegian nominations are steady, keeping curves contained despite stronger prompt.

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James Smith James Smith

Energy Market Update - 13 November 2025

Range bound finish. Healthy supply and a mild weekend capped the prompt. Cooler weather early next week and variable wind keep near-term risk balanced, with curves little changed.

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James Smith James Smith

Energy Market Update - 12 November 2025

Front month gas and power opened higher on a colder shift next week, while mild weather and strong Norwegian and LNG supply keep the prompt subdued. Carbon firmed, oil steady.

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James Smith James Smith

Energy Market Update - 11 November 2025

Gas slipped to a six week low as mid December turned warmer and supply stayed comfortable. Power eased in line as wind and temperature revisions reduced risk. LNG arrivals keep near-term cover strong.

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James Smith James Smith

Energy Market Update - 10 November 2025

Gas and power eased as milder weather and strong supply unwound last week’s premium. A cooler, wind-lighter spell next week keeps near-term volatility in view.

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James Smith James Smith

Energy Market Update - 06 November 2025

Gas and power eased as milder weather and strong supply held the upper hand. Storage sits near 83% and wind remains the main swing factor for prompt pricing.

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James Smith James Smith

Energy Market Update - 05 November 2025

Gas and power edged higher on tighter prompt balances, driven by weaker wind and cooler spells, while solid Norwegian flows and firm storage kept the curve contained.

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James Smith James Smith

Energy Market Update - 04 November 2025

Gas and power firmed as renewable output weakened. Deep wind lows flagged for next week tightened the prompt, lifting week-ahead power and nudging new front-month contracts higher.

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James Smith James Smith

Energy Market Update - 03 November 2025

Prices were mixed on Monday, with gas easing after contract expiry while power held in range. Comfortable storage and improving Norwegian flows offset a brief dip in renewables and headline risk.

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James Smith James Smith

Energy Market Update - 31 October 2025

Gas eased as Norwegian supply recovered and wind prospects improved. Power dipped with gas, though a small rise in UK carbon blunted the move. Trading stayed within the recent range.

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James Smith James Smith

Energy Market Update - 30 October 2025

Gas and power inched higher as Troll maintenance tightened supply and carbon firmed. Storage remains high and LNG cover is solid, which limited follow-through.

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James Smith James Smith

Energy Market Update - 29 October 2025

Markets held within range on Tuesday. Gas and power shifted with geopolitics and wind. Storage stays strong, Norwegian flows are uneven but rising, and LNG arrivals keep near-term supply comfortable.

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James Smith James Smith

Energy Market Update - 28 October 2025

Gas and power eased as milder weather and higher wind trimmed demand. Supply stayed steady with strong Norwegian flows and fresh LNG. Carbon softened and the near curve remained range-bound.

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James Smith James Smith

Energy Market Update - 27 October 2025

Gas and power eased on Friday as stronger wind forecasts and a return to seasonal temperatures loosened near-term balances. Geopolitical noise persisted but the price impact was brief.

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James Smith James Smith

Energy Market Update - 24 October 2025

Gas and power firmed on Thursday after the EU approved its latest energy sanctions. Gains were limited by strong storage and steady Norwegian flows. Sparks softened as gas rose faster than power.

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James Smith James Smith

Energy Market Update - 23 October 2025

A quiet range day overall. Gas and power nudged around on higher wind and firm Norwegian supply, then steadied as new Russia sanctions hit the headlines. Ample storage kept any moves contained.

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